When the average price level of a country actually falls, this is known as _____

Rational ignorance means

A) ignorance is rationed. B) the benefit from some information is not worth the cost of collecting it. C) some people do not understand rationality. D) the information is unavailable.

When output deviates from potential GDP, automatic stabilizers work to push the economy:

A. in unpredictable ways, causing a need for discretionary policy. B. in the same direction that correctly timed and formulated discretionary policy would. C. in the opposite direction that correctly timed and formulated discretionary policy would. D. even further from its long-run equilibrium.